Rollock raises €4 million growth round

The Finnish smart lock manufacturer Rollock Oy has raised 4 million euros to fund growth. The funding was gained from domestic investors and the OP Financial Group.

Lehto Invest Oy will be acting as the anchor investor. “I was especially interested in Rollock’s digital locking solution, which enables introducing new smart services in buildings. Additional interest was also sparked by the completely new manufacturing process of pre-installing locks into the doors at the door factory, which enhances building processes.” Hannu Lehto says.

In addition to the funding gained from investor-dependant funds, OP Financial Group offered Rollock a package which combines bank funding and junior debt. The bank funding utilized EFSI-funding brokered by OP.

“OP wants to be involved in supporting digitalization advancement of building and living technologies, and Rollock acts as a forerunner in the field. The EFSI-funding, executed together with the European Investment Bank, is excellent for innovative startup companies”, Päivi Jääskeläinen, manager in charge of company funding at OP says.About Rollock

Rollock has digitized the door environment with its patented innovations and brought a cloud service-based next-generation smart lock into the market, leading the way for smart home services of tomorrow.

Rollock is the only smart lock where deadbolting, access control and design are combined into a single solution; a smart lock connecting to the internet of things.

Rollock is a product aimed at the new construction market, driven by the exponential advancement of Smart Home services and the IoT-world, the readiness of the smartphone infrastructure to support smart locks and the need to increase pre-construction readiness in the construction industry.Rollock aims to be the best and most sold smartlock in new construction.